Services Agreement Expected to Improve Experience for U.S. Associates
and Customers
COPPELL, Texas--(BUSINESS WIRE)--Jul. 2, 2012--
Mannatech,
Incorporated, (NASDAQ: MTEX),
the leading innovator and provider of naturally sourced supplements
based on Real
Food Technology® solutions, and Integrated Distribution
and Logistics Direct, LLC (doing business as SP Express), are pleased to
announce that they have entered into a services agreement that will
expand Mannatech’s warehousing and distribution reach from one
Dallas-based warehouse to add two additional strategically placed
distribution centers on both the East and West coasts. SP Express will
provide warehousing and fulfillment services for Mannatech, which the
company believes will result in reduced costs and improved service to
its U.S. independent distributors and customers.
”We believe this agreement provides the opportunity for us to provide
faster delivery service to our customers, along with achieving more
efficiency with our U.S.-based transport and logistics,” said Dr. Rob
Sinnott, Chief Executive Officer and Chief Science Officer of Mannatech.
President and CEO of SP Express, Mich Bayley, said, “We are very pleased
to engage in this new relationship with Mannatech. We have a high level
of respect for the Mannatech organization and are very excited about the
opportunity to help them further enhance their supply chain, improve
service levels for their independent Associates and grow their business.
“Furthermore, we view Dallas as a terrific market for providing order
fulfillment services for clients. It is centrally located within the
United States, and the facility is well equipped for accommodating the
storage and distribution needs of health and beauty and other clients
requiring temperature-controlled storage and high-volume order
fulfillment,” said Bayley.
About SP Express
SP Express is a leading national provider of third-party logistics and order-fulfillment
services for a broad spectrum of businesses across multiple channels and
industries. With a network of strategically located and modern warehouse
and distribution facilities nationwide and a sophisticated suite of
complementary service capabilities, SP Express maximizes cross-channel
efficiencies to deliver a seamless customer experience. For more
information, visit www.spexpress.com
or call 866-773-7363.
About Mannatech
Mannatech, Incorporated, develops high-quality health, weight and
fitness, and skin care products that are based on the solid foundation
of nutritional science and development standards. Mannatech is dedicated
to its platform of Social Entrepreneurship based on the foundation of
promoting, aiding and optimizing nutrition where it is needed most
around the world. Mannatech’s proprietary products are available through
independent sales Associates around the globe including the United
States, Canada, South Africa, Australia, New Zealand, Austria, Denmark,
Germany, Norway, Sweden, the Netherlands, the United Kingdom, Japan,
Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, the Czech
Republic, the Republic of Korea, Mexico and Namibia. For more
information, visit Mannatech.com.
Please note: This release contains “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by use of phrases
or terminology such as “believe,” “intend” or other similar words or the
negative of such terminology. Similarly, descriptions of Mannatech’s
objectives, strategies, plans, goals or targets contained herein are
also considered forward-looking statements. Mannatech believes this
release should be read in conjunction with all of its filings with the
United States Securities and Exchange Commission and cautions its
readers that these forward-looking statements are subject to certain
events, risks, uncertainties and other factors. Some of these factors
include, among others, Mannatech’s inability to attract and retain
Associates and Members, increases in competition, litigation, regulatory
changes and its planned growth into new international markets. Although
Mannatech believes that the expectations, statements and assumptions
reflected in these forward-looking statements are reasonable, it
cautions readers to always consider all of the risk factors and any
other cautionary statements carefully in evaluating each forward-looking
statement in this release, as well as those set forth in its latest
Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other
filings filed with the United States Securities and Exchange Commission,
including its current reports on Form 8-K. All of the forward-looking
statements contained herein speak only as of the date of this release.
Source: Mannatech, Incorporated
Mannatech, Incorporated
Brett Duncan, 972-471-7367
bduncan@mannatech.com